December 13, 2006 — Globalization could spur faster growth in average incomes in the next 25 years than during 1980-2005, with developing countries playing a central role. However, unless managed carefully, it could be accompanied by growing income inequality and potentially severe environmental pressures, predicts the World Bank.
According to Global Economic Prospects 2007: Managing the Next Wave of Globalization, growth in developing countries will reach a near record 7 percent this year. In 2007 and 2008, growth will probably slow, but still likely exceed 6 percent, more than twice the rate in high-income countries, which is expected to be 2.6 percent.
(To read these PDF files, you need the free Adobe Acrobat Reader).
Overview: English | Español | Français
Chapter 1: Prospects for the Global Economy: English | Español | Français
Chapter 2 The Coming Globalization
Chapter 3 Income Distribution, Inequality, and Those Left Behind
Chapter 4 New Pressures in Labor Markets: Integrating Large Emerging Economies and the Global Sourcing of Services
Chapter 5 Managing the Environmental Risks to Growth
East Asia and Pacific: English | Español | Français
Europe and Central Asia: English | Español | Français
Latin American and the Caribbean: English | Español | Français
Middle East and North Africa: English | Español | Français
South Asia: English | Español | Français
Sub-Saharan Africa: English | Español | Français